Clifford Chance has advised Waterland Private Equity portfolio company United Petfood on its acquisition of Cargill's production facilities in Krzepice, Poland, and Karcag, Hungary. Lakatos Koves and Partners reportedly advised the buyer as well.
According to Clifford Chance, the production facilities specialize in the production of dry pet food for cats and dogs.
United Petfood is a Belgium-headquartered company that produces dry and wet pet food, biscuits, and snacks.
Cargill is an American food and beverage manufacturing company providing food, agriculture, financial, and industrial products and services. The company is active in 70 countries worldwide.
According to a United Petfood press release, "with the additional production plants in Poland and Hungary, the United Petfood Group operates now out of 21 pet food facilities situated in nine different European countries. The takeover is in line with the strategy of United Petfood to reinforce and grow the business."
The Clifford Chance team included Warsaw-based Counsel Tomasz Derda, Senior Associates Tomasz Szekalski, Aleksandra Ulatowska, Anna Pawlowska, and Marta Michalek-Gervais, Associates Michal Besciak, Adam Szyndler, Mariusz Wisniewski, Oliwia Hutnik, and Agata Parys, Junior Associate Kamila Hora, as well as Bucharest-based Of Counsel Eleonora Udroiu and Associate Maria Ciulica.
Editor's Note: After this article was published, Lakatos Koves and Partners confirmed it had advised United Petfood on Hungarian law-related matters. The firm's team included Partner Ivan Solyom, Counsel Pal Rahoty, Senior Associates Gyorgy Toth and Tamas Balogh, and Associate Szandra Remete.